Current assets: Current Year Previous Year Cash $474,500 $369,500 Marketable securities 625,000 436,000 Accounts and notes receivable (net) 769,500 524,500 Inventories 1,672,100 1,294,600 Prepaid expenses 826,900 804,900 Total current assets $4,368,000 $3,429,500 Current liabilities: Accounts and notes payable (short-term) $761,300 $633,400 Accrued liabilities 288,700 316,600 Total current liabilities $1,050,000 $950,000